According to Trade Tech, the main provider of uranium indicators, 41.6 million pounds have been traded so far this year. These figures broke the previous record established in 1990, when volume totaled 40.6 million pounds U308. Meanwhile, spot prices edged up to US$60.50 per pound U308.

There are many reasons to like uranium: Governments around the world have been promoting nuclear power as a way of reducing fossil fuel emissions; infrastructure is already in place and more is in the works; the hedge fund community has been showing some serious interest; various large corporations have backed big talk with big money; and the emerging markets have potential to be major nuclear energy consumers.

The case for uranium has long been established, but it’s taken a backseat to gold. One might wonder when uranium will become the dominant yellow commodity in the headlines.